Blue Solutions :First Quarter 2018 Financial Information
17 Mai 2018 - 6:11PM
First Quarter 2018 Financial Information |
May 17, 2018 |
First Quarter 2018 Revenue
-
As of March 31, 2018, Blue Solutions sold 139
batteries compared to 444 as of the end of March 2017, representing
revenues of €11.2 million for the first quarter of 2018, versus
€19.5 million for the first quarter of 2017. In particular,
revenues include a contribution of €3.1 million made to Blue
Solutions under the research and development cooperation agreement
with Blue Applications (contribution of €25 million for fiscal
years 2017 and 2018).
-
As announced, the shift in revenues is explained
by longer-life batteries leading to a drop in sales (139 batteries
sold, down 69% compared to the end of March 2017). Sales of
batteries to Bluebus are still quite strong (131 batteries sold
during the first quarter of 2018 versus 63 in the first quarter of
2017) linked to the delivery of 12-meter (to RATP city transit in
particular) and 6-meter buses.
-
In addition, under the cooperation agreement
with Blue Applications, Blue Solutions has pursued its R&D
efforts, now focused on increasing density, cyclability and
reducing the operating temperature of its batteries.
-
During the first quarter of 2018, Bluebus won a
call for tenders from RATP city transit for forty 12-meter buses.
These buses will be delivered during the 2019 fiscal year and will
grow RATP's fleet of 12-meter Bluebuses to 83 vehicles.
-
On April 20, 2018, the Bolloré Group launched
BlueLA, an electric car-sharing service in Los Angeles. This
service is expected to have 100 Bluecar vehicles and 40 stations by
the end of 2018.
Shift in First Quarter 2018 Revenue |
(in millions of euros) |
2018 |
2017 (1) |
2017 |
Published |
Published |
|
|
|
|
organic |
growth |
Blue Solutions |
11.2 |
19.4 |
19.5 |
- 43% |
- 42% |
(1) constant scope and exchange rates
Blue Solutions :First Quarter 2018
Financial Information
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Blue Solutions via Globenewswire
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